2045 S Vineyard
Mesa, AZ 85210
Ste 133 · Office Property For Sale

HIGH-IMAGE, SINGLE-TENANT, ABSOLUTE NNN PHARMACY/MEDICAL LAB SALE LEASEBACK IN THE HEART OF PHOENIX'S SOUTHEAST VALLEY * 2045 S Vineyard presents investors a rare opportunity to acquire a Class-A, single tenant medical condo w/ exceptional ease of management. The property is currently 100% occupied by Revelation Pharma who will sign a 5-year absolute NNN lease upon close of escrow. * Current ownership has recently spent over $1 million ($240+/sf) to completely renovate the suite to create an extremely high quality, functional compounding pharmacy space that reflects their long-term commitment to the property. These improvements include a state-of-the-art laboratory that complies with the latest USP 795, 797, and 800 specs and is extremely difficult/expensive to replicate. * The landlord friendly absolute NNN lease structure requires minimal management or maintenance and is highly desired by investors looking for stable, passive income. Furthermore, the 3% annual increases provide new ownership a strong hedge against inflation. * The property is located within a highly desired medical office complex on the corner of 2 major southeast valley thoroughfares (SR-87 and W. Baseline Rd.). This is an ideal location for a “compounding” pharmacy tenant looking to capitalize on the medical synergy within the building park and easy access the central location provides. THRIVING ECONOMIC SOUTHEAST VALLEY LOCATION WITH NATION- LEADING POPULATION GROWTH * Nearly one third of Phoenix’s population lives in the East Valley, which is growing twice as fast as the national average [1.8%/year growth vs. 0.8%/year]. [phxeastvalley.com] * East Valley Economic Growth: Economists predict the region will add over 400,000 new positions in the next 30 years. * Arizona house prices increased the most out of all states in 2021. The one-year change in house price appreciation for Arizona in the fourth quarter of 2021 was 27.4 percent, outpacing Utah at 27.1 percent and Idaho at 27.0 percent.[Federal Housing Finance Agency] * Recent announcements of the estimated $35B Taiwan Semiconductor Manufacturing Co. and $20B Intel chip plants highlight Arizona’s continued ability to attract top tier talent while offering affordable housing and a great quality of life.